India Payment Market And Size Forecast Report 2024-2028

India Payment Market is estimated to reach US$ 8,137.3 Billion by 2028. India has a massive population of 1.41 billion people, constituting approximately 18% of the global population, making it the largest country in the world. Due to the country's rapid growth, meeting the financial service needs of its citizens requires a sustainable approach, which has come in the form of a digital payment system. Digital payment services have become popular due to their convenience, ease of transactions, and security. As a result, India has one of the world's fastest-growing fintech landscapes, mainly driven by the advancement of digital payments. However, payment players face a significant challenge of thin margins, pushing them to focus on high-margin offerings and prioritize digital payment growth. The India Payments Market is projected to grow with a CAGR of by 21.4% from 2022 to 2028.